Hedge funds still plan $2 bln financing deal with Puerto Rico -source

NEW YORK Feb 9 (Reuters) - Hedge funds holding Puerto
Rico's general obligation debt are still planning a $2 billion
financing deal with the U.S. commonwealth despite a court
decision to void a law allowing the island's public corporations
to file for bankruptcy, a source close to the funds said on
Monday.

"The Recovery Act was as much a signal as a tool that the
public corporations are on their own," said the source, who
asked not to be named as details of the financing deal are not
yet public. "For us nothing material has significantly changed."

The deal is expected to be completed in March or April, the
person said.